Other than that I can’t find much about them online, and was just wondering what happened to them, and if anybody “invested”. Anyone got any info? I thought it was a weird project to be marketing heavily in that location at that time.

From 2008-2010 I purchased shares in an unlisted company, Maji Capital Partners. I believe that the company no longer exists. I am more concerned with a scheme set up by Maji’s Andrew Meikle through a company, which I assume was part of the same organisation, called Prime Terrain Ltd. The scheme was the sale of building plots in Murcia, Spain under the name Lake Argos scheme or Argos Sol Development. I purchased 7 plots at a cost of £32K. I have never had any documentation confirming my legal ownership of these plots, and am very concerned to chase this up. I believe that this is defrauded of this money. I am keen to contact others who may be in the same position so that we can chase this up together and have more chance of success.

It seemed like a very strange scheme. My first thought when I saw it was “scam” just like the Fortuna Land Scam. Your feedback just confirms my suspicions.

You may find that other investors are too embarrassed to come forward.

I’m very sorry that you have lost your money, but what was it that made you think this was a good investment at a time when it was common knowledge that Spain was going into a property bust. Spanish land is a notoriously risky investment.

Archives

Archives

About This Website

I run this website for buyers, owners, and vendors of property in Spain. It’s all about information, and resources to get things done.

I try to provide the best guides, market analysis, and resources possible, but I can’t guarantee everything is correct and up-to-date, so you use this website at your own risk. Everything is provided in good faith, and I cannot be held liable for any problems resulting from information at this website.

Adverts at this website do not imply any recommendation. Always use an independent lawyer to do legal checks on your behalf before buying property in Spain.

Where I list companies and professionals with a service to offer I do so in good faith (and wherever possible in return for a fee). As far as I know, based on years of experience and feedback from users, they are reputable service providers. But I do not own or control them in any way, and cannot be held responsible for their conduct. You deal with them at your own risk.

NEW DEVELOPMENT SHOWCASE

My showcase is intended to help people identify what I consider to be interesting projects around Spain from reputable developers, whilst helping developers raise awareness of their projects. I charge developers a monthly showcasing fee but am not involved in sales beyond passing on enquiries.